Acceptance
13
Mar
– A time draft (or bill of exchange) that the drawee (payer) has accepted and is unconditionally obligated to pay at maturity.
– Broadly speaking, any agreement to purchase goods under specified terms.
– A time draft (or bill of exchange) that the drawee (payer) has accepted and is unconditionally obligated to pay at maturity.
– Broadly speaking, any agreement to purchase goods under specified terms.